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DP World dips, firm expands Jebel Ali port capacity by 4 million TEU
- United Arab Emirates: Sunday, September 23 - 2012 at 19:20
The FTSE NASDAQ Dubai UAE 20 Index closed at 1728.63 today, down 1.21%, from the previous close. After hitting a six-month high last week, Dubai Ports (DP) World declined 1.34% to $11.05 Sunday. Earlier in the day, DP World said it signed with TOA-SoletancheBachy JV an agreement for the construction of the infrastructure to expand capacity at the flagship port by 4 million TEU (twenty-foot equivalent unit). "Terminal 3 will be one of the finest modern marine terminals in the world with a quay length of 1,860 metres, a draft of 17 metres, and a 70 hectare storage yard. When operations commence at the new terminal in 2014 total capacity at Jebel Ali will reach 19 million TEU," DPW said in an e-mailed statement.
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Gérard Al-Fil, Financial JournalistSunday, September 23 - 2012 at 19:20 UAE local time (GMT+4)
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